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Gold/Mining/Energy : Kensington Resources

KRT 24.47

+2.0%

Jan 30 9:30 AM EST

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To: Simon Sichewski who wrote (72)	6/1/1996 7:41:00 PM
From: olduser	of 5597

To all. My interpretation of the Kensington news release is that there is nothing new in it. All it did was to confirm that the pipes contain diamonds. ( I thought we know this already ) There are lots of diamond dust in the samples. One out of 4 holes contain a 0.27 carat weight. This is encouraging but certainly not conclusive. As indicated on the news release, the results only give a " qualitative indication of potential diamond grade ". The numbers in the table could easily go either way ( that is, very diamondiforous or not diamondiforous ), depending on lady luck. The only way to be sure is to do a lot more sampling, both mini and bulk, large tonnage, in order to rule out lady luck factor. The news release confirm the existance of diamonds in the pipes and enhances the confidence level that Kensington is still a good stock. It is still a very speculative stock. The next round of sampling may indicate very little diamond contents. Some of you may recall Mill City, and Detonia etc. in their Lac de Gras diamond exploration disastors, where the stock prices plunged from $$'s to pennies in a matter of hours. Good luck.

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